No registration
This query is : Resolved
26 August 2011
Dear Sir/Madam,
I am working in a PVT Ltd Company.We have no VAT Registration so far.We have become resellers of a big AC Mfg Co.So, We have got an order of approx.5lacs.Can we sell those with a Proforma Invoice without VAT and take away the proceeds as this is a question of huge investment.After obtaining VAT Registration can we raise the Tax Invoice.Is it possible.How long can one hold VAT Registration without any sale.Is there any rule that after certain time the registration will be lapsed.Please answer fast as it is very urgent.
Thanks & Regards,
I am working in a PVT Ltd Company.We have no VAT Registration so far.We have become resellers of a big AC Mfg Co.So, We have got an order of approx.5lacs.Can we sell those with a Proforma Invoice without VAT and take away the proceeds as this is a question of huge investment.After obtaining VAT Registration can we raise the Tax Invoice.Is it possible.How long can one hold VAT Registration without any sale.Is there any rule that after certain time the registration will be lapsed.Please answer fast as it is very urgent.
Thanks & Regards,
CMA Ramesh Krishnan
(Expert)
28 August 2011
you need to obtain VAT registration for sale. without registration cannot make tax invoice
29 August 2011
Sir,
I had another query for which I have not got the reply that is how long one can hold the VAT Registration active without any sale.
Thanks & Regards,
I had another query for which I have not got the reply that is how long one can hold the VAT Registration active without any sale.
Thanks & Regards,
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